
Featured insight
Deliberating EM debt
Our EM debt team tackles the topics that are top of investors’ minds and provides insights for asset allocators currently deliberating EM debt.
High conviction investing in a diverse opportunity set
Investment Approach
Bottom-up high-conviction ideas are used to build the portfolio in line with top-down targets. Proprietary ESG analysis and process embeds ESG risk management in portfolio construction
Investment Opportunity
Seeking to tap into the best opportunities across the EM hard currency debt investment universe
Investment Universe
Full EM hard currency debt universe with opportunistic allocations to corporate debt
Target Return
Outperform the performance comparison index (net of fees) over a full market cycle
Exploits the full range of opportunities across the emerging-frontier market spectrum
Harnesses yield pick-up, which is often accompanied by superior fundamentals for comparable credit quality
Combines bottom-up selection and risk-unit portfolio construction to target superior risk-adjusted returns
High conviction investing in a low correlation asset class, never compromising on portfolio diversification
There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss.
The use of derivatives may increase overall risk by magnifying the effect of both gains and losses leading to large changes in value and potentially large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss.
These markets carry a higher risk of financial loss than more developed markets as they may have less developed legal, political, economic or other systems.
The value of fixed income investments (e.g. bonds) tends to decrease when interest rates rise.